Techmeme
September 15, 2019, 6:00 PM

Top News

David Coats / VC by the Numbers:
Analysis: ~51% of capital invested into US VC-funded companies exiting over the last decade lost money, while less than 4% generated a 10x or greater return  —  In fact, we are highly skewed.  —  Most of us know intuitively that venture investing is a hits driven business.
Financial Times:
Sources: Libra representatives to meet officials from 26 central banks, including the Federal Reserve and the Bank of England, in Basel, Switzerland on Monday  —  Facebook will be quizzed by global regulators on its planned Libra coin project amid concerns from EU governments over the threat …
Jeff Abramowitz / Wired:
Launched 20 years ago, Wi-Fi nearly lost out to the rival HomeRF, which was developed and promoted by a group including Compaq, HP, IBM, Intel, and Microsoft  —  Opinion: Launched 20 years ago this week, Wi-Fi nearly hit a dead spot.  —  We all love Wi-Fi, except when we can't connect.
Andy Greenberg / Wired:
Researchers: execution errors prevented the Crash Override malware, which took down the Ukrainian power grid for an hour in 2016, from causing lasting damage  —  A fresh look at the 2016 blackout in Ukraine suggests that the cyberattack behind it was intended to cause far more damage.
Renee Dudley / ProPublica:
Ransomware hackers are targeting managed service providers, causing chaos for the city governments, medical clinics, and smaller businesses who use them for IT  —  On July 3, employees at Arbor Dental in Longview, Washington, noticed glitches in their computers and couldn't view X-rays.
Cyrus Lee / ZDNet:
China Unicom and China Telecom, the two smaller mobile carriers among China's big three operators, are teaming up to build 5G networks across 15 Chinese cities  —  China Unicom has struck a deal with its rival China Telecom to build their 5G networks together to cut costs.
Brooks Barnes / New York Times:
SEC filing: Walt Disney Company CEO Bob Iger has resigned from Apple's board  —  LOS ANGELES — Robert A. Iger, Disney's chief executive and chairman, has resigned from the board of Apple, whose growing Hollywood operation would have made it harder for him to fully engage as one of its directors.

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Jason Snell / Six Colors:
Annie Palmer / CNBC:
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